So here comes the next stoppage in the journey of Binance. After expanding to Australia Binance CEO Changpeng Zhao has announced that the next country to which they’re expanding. And that country, interestingly, is Singapore.
That’s right. While attending the Deconomy conference in Seoul CZ spoke about his company’s upcoming fiat-crypto exchange platform in Singapore, which according to him is going live later this month. No other details were provided about the launch though. This is the second international expansion step of Binance in 2019, and the company is looking all set to expand to dozens of other locations as well within this year itself.
Interestingly, the announcement is a little surprising considering the fact that CZ had hinted on 11th of March that their next fiat-crypto exchange may be opened in Argentina. However, post that announcement Binance Lite went live in Australia. We were expecting the announcement of Argentina to follow it, but now we’re hearing about Binance Singapore. It seems like Binance Argentina has taken the backseat for some unknown reason.
Besides Binance Singapore one more important announcement was also done by CZ on the stage of Deconomy. That announcement was regarding the upcoming decentralized exchange of the company called Binance DEX. The announcement was that Binance DEX is also going live on mainnet later this month. So in a nutshell, Binance is going to have not one but two new launches this month.
Binance entry in Singapore is a major step, because the country can serve as a second headquarter to the company. Binance has been saying since very early that its offices will be located in Malta and Singapore. Malta has already opened, and now it’s time for Singapore. The crypto-friendly attitude of the country and its favorable business conditions make it an ideal place for opening the 2nd most important office of the company.
We’ll let you know as more details about both these launches come out in public. To find them out at the earliest keep checking our updates.